Wages vs. Productivity around the world

What seems to have started in 1970 has sent shockwaves around the world, some argue that when Nixon enacted wage & price controls and Reagan increased privatization (what used to be called denationalizing), governments around the world seemed to follow by increasing similar privatization measures while decreasing labor union power and cutting back on things like welfare, as conservative leaders increased certain types of public taxes such as a "community tax" or japans "consumption tax" that puts the burden on community members, and seemed to help take union groups/parties out of power, many policies aligned with austerity measures now proven far more damaging than helpful — but not so much to the already wealthy — who still retained the fruits of steady productivity gains.

Prominent US Economists Bernstein and Mishel claim that it all started from something that happened in the USA. One Economist wrote a paper explaining that "The government imposed wage and price-setting institutions in place from August 1971 to April 1974 shifted the balance of power between capital and labor. When these formal institutions were eliminated in April 1974, the government-caused shift in the balance of power between capital and labor was not reversed. Rather, this shift in the balance of power was maintained through informal institutions, and these informal institutions set in motion the decline in real wages that started after 1973." http://economics.csusb.edu/facultyStaff/nilsson/personal/Professional/Nixon.pdf

The cause is the sinking-lid/cut-backs (austerity) policy being enacted in most industries — the majority of the video tries to treat the symptoms focusing on the individual rather than cause: the company culture.

Sinking lid: "A policy of lowering staff numbers by not replacing workers who resign or retire, typically in public services"

"Technology facilitates an "always-on" mentality"

"Business have to tie "Emotional Wellness with Production""

"Previouosly 50%, now 70% anxiety calls for help" People "Ending up in the Emergency Room"

Achieving the 'American Dream' of earning more than their parents have fallen from 90% to 50% over the past half century. The gap between the 'haves' and 'have nots' is growing, according to new research out this week.

Tent cities are popping up all over the world. This one site is said to have attracted a gang of men threatening "residents" and stealing property such as phones, gas stoves and cash from them. Studies have shown that UBI significantly reduces crime and poverty, and will likely dissolve tent cities.

Research shows that, in contrast to earlier times, most people today are unable to identify any sort of philosophy of life or set of guiding principles. Without an existential compass, the commercialized mind gravitates toward a ‘philosophy of futility’, — "The consequent feeling of being forsaken and on the wrong life track is easily mistaken for depression, or even unhappiness, but in fact it is the type of demoralization that most consumer beings will experience to some degree." — "The real task is somehow to treat a sick culture rather than its sick individuals. Erich Fromm sums up this challenge: ‘We can’t make people sane by making them adjust to this society. We need a society that is adjusted to the needs of people.’"

A recent United Way study found that close to one-third of state residents can barely pay their bills, largely due to housing costs. When adjusted for these costs, California leads all states—even historically poor Mississippi—in the percentage of its people living in poverty.

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